Spellbook is an AI-powered tool designed to streamline the contract drafting and review process. It uses GPT-4 and other large language models to review and suggest terms for contr

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Spellbook is an AI-powered tool designed to streamline the contract drafting and review process. It uses GPT-4 and other large language models to review and suggest terms for contracts, right within Microsoft Word. The tool is tuned specifically for legal contracting and is integrated with Word, making it a powerful assistant for corporate and commercial lawyers. It’s relied on by nearly 2000 law firms and in-house legal teams. Here are some use cases for Spellbook:<ol><li>Contract Drafting: Lawyers can use Spellbook to draft contracts faster and more efficiently. The AI suggests language for contracts based on the context of the agreement.</li><li>Contract Review: Spellbook can review contracts and immediately highlight sneaky or unusual terms. It can also suggest important language and clauses that may be missing from the contract.</li><li>Negotiation Suggestions: Spellbook can suggest common points of negotiation, helping lawyers to negotiate better deals.</li><li>Auto Diligence: Coming soon to Spellbook, this feature will automatically detect the most pressing issues across an entire dataroom.</li><li>Redlining: Spellbook Reviews generates precise redlines based on your instructions, helping to close deals faster.</li><li>Legal Research: Lawyers can use Spellbook to quickly find relevant legal text from its training data, which includes contracts, books, Wikipedia, and the Internet.</li></ol>

Feature	Details
Pricing Structure	Free trial available; Paid plans start at $99/month for advanced contract drafting tools.
Key Features	AI-powered legal contract drafting, clause suggestions, risk assessment, real-time collaboration.
Use Cases	Lawyers, legal teams, contract drafters.
Ease of Use	Easy to use for legal professionals with a clean interface.
Platforms	Web-based, works on all major browsers.
Integration	Integrates with document management systems like DocuSign and Microsoft Word.
Security Features	SSL encryption, GDPR and SOC 2 compliant.
Team	Founded in 2020 by legal tech experts.
User Reviews	Positive, praised for improving legal drafting efficiency.